Algorand unveils live staking rewards

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by Giorgi Kostiuk

2 years ago

The Algorand blockchain network has announced the launch of a new staking rewards program offering real-time payouts to validators.

Algorand Network Update

The Algorand Foundation stated that the staking rewards program follows a recent upgrade to the network's consensus mechanism. Minimum rewards are set at 10 ALGO per block, with validators also receiving 50% of transaction fees in every block. However, block rewards will decrease by 1% after every one million blocks.

Staking Program Features

Algorand's staking system offers distinctions from other proof-of-stake networks. ALGO staking rewards are distributed in real-time with no risk of slashing or restrictive lockups. Algorand nodes have full access to their tokens at all times, and the staking rewards are non-inflationary, meaning payouts do not affect the native token's total supply.

Opportunities for ALGO Holders

ALGO holders can participate in the staking program and earn rewards by contributing to network security in various ways. These include liquid staking through Tinyman, Folks Finance, Messina, and CompX, as well as participating in the consensus staking pool or delegated staking on Pact and Valar. Staking on centralized exchanges is expected to go live later this year.

While staking on Algorand is highly inclusive, it's highly secure as well.John Woods, Algorand Foundation CTO

The new staking rewards program on Algorand offers unique opportunities for participants, characterized by high security and non-inflationary payouts.

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